25. Maximum revenue. A deli sells 640 sandwiches per day at a price of $8 each. (A) A market survey shows that for every $0.10 reduction in price, 40 more sandwiches will be sold. How much should the deli charge for a sandwich in order to maxi- mize revenue? (B) A different market survey shows that for every $0.20 reduction in the original $8 price, 15 more sandwiches will be sold. Now how much should the deli charge for a sandwich in order to maximize revenue?
25. Maximum revenue. A deli sells 640 sandwiches per day at a price of $8 each. (A) A market survey shows that for every $0.10 reduction in price, 40 more sandwiches will be sold. How much should the deli charge for a sandwich in order to maxi- mize revenue? (B) A different market survey shows that for every $0.20 reduction in the original $8 price, 15 more sandwiches will be sold. Now how much should the deli charge for a sandwich in order to maximize revenue?
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.8: Linear Programming
Problem 5SC: If during the following year it is predicted that each comedy skit will generate 30 thousand and...
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